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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
Gbp0.8874-0.8904 Resistance.....>
EURO-STERLING TECHS: Gbp0.8874-0.8904 Resistance Region Key
*RES 4: Gbp0.8904 Low Mar 8 now resistance
*RES 3: Gbp0.8892 200-DMA
*RES 2: Gbp0.8874 High Mar 15
*RES 1: Gbp0.8845 55-DMA
*PRICE: Gbp0.8836 @ 0410GMT
*SUP 1: Gbp0.8822 Daily Bull channel base off 2018 low
*SUP 2: Gbp0.8769 Low Feb 26
*SUP 3: Gbp0.8730 Low Feb 8
*SUP 4: Gbp0.8714 Monthly Low Feb 1
*COMMENTARY: Despite closing below the 55-DMA follow through has been lacking
courtesy of the daily bull channel base off 2018 lows. Bears now need a close
below the channel base to confirm initial focus on Gbp0.8685-0.8769 where
monthly and 2018 lows are noted. The Gbp0.8904 resistance remains key. Bulls
need a close above to confirm a break of the 200-DMA, gain breathing room and
return initial focus to 2018 highs and overall focus to Gbp0.9013-48.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.